On Friday, Armstrong Wrld Ind received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 76.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest climbs. See if Armstrong Wrld Ind can continue to rebound and hit that benchmark.
Armstrong Wrld Ind is building a consolidation with a 164.40 entry. See if the stock can break out in heavy trade. Note that it's a third-stage base. Such later-stage patterns involve more risk and are more and have a higher likelihood to fail than earlier-stage consolidations.
Armstrong Wrld Ind saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 13% to 23%. Revenue rose from 11% to 18%. Look for the next report on or around Apr. 29.
The company earns the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
